SPECIAL OPERATIONS ASSOCIATION INC

EIN: 742619854

Avon Park, FL

Total Revenue
$382,291
Total Expenses
$284,950
Total Assets
$663,276
Net Assets
$650,776
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
FL
Principal Officer
PHILIP DEVON
Phone
5857394785
Tax Period
2025-01-01 to 2025-12-31

SPECIAL OPERATIONS ASSOCIATION INC, founded in 1977, is a small nonprofit that reported $382K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 25% operating margin.

Mission

- TO UNITE FRATERNALLY ALL VETERANS WHO HAVE OR ARE NOW CONDUCTING OR SUPPORTING CLASSIFIED "SPECIAL OPERATIONS" DEEP IN HOSTILE ENEMY TERRITORY OR HAVE BEEN ASSIGNED TO MILITARY UNITS WHICH CONDUCTED SUCH OPERATIONS; AND, - TO PERPETUATE THE SPECIAL OPERATIONS "ESPRIT DE CORPS" - - TO COMMEMORATE FITTINGLY THE MEMORY OF THOSE WHO HAVE GIVEN THEIR LIVES IN DEFENSE OF THE FREE WORLD AND TO THOSE WHO SERVED IN SPECIAL OPERATIONS UNITS AND ARE STILL UNACCOUNTED FOR AS POW/MIA THROUGH THE MANAGEMENT OF THE SOA GEORGE C. MORTON MEMORIAL SCHOLARSHIP GRANT FUND. SINCE 1983, OVER $453,000 HAS BEEN AWARDED OR COMMITTED THUS FAR TO 141 DESERVING YOUNG SCHOLARS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $178,679
Program Service Revenue $166,802
Investment Income $14,415
Other Revenue $22,395
TOTAL REVENUE $382,291

Expense Breakdown

Grants Paid $39,181
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $245,769
TOTAL EXPENSES $284,950

Year-over-Year Comparison

2025 2024 Change
Revenue $382,291 $248,676 +0.5%
Expenses $284,950 $248,354 +0.1%
Net Income $97,341 $322 +301.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GORDON DIRECTOR 20
Director
$0 $0 $0
ALFONSO RT RIVERO DIRECTOR 10
Director
$0 $0 $0
DON HAASE DIRECTOR 10
Director
$0 $0 $0
SCOTT WHITE DIRECTOR 10
Director
$0 $0 $0
JAMES SHORTEN DIRECTOR 10
Director
$0 $0 $0
DOUG PAUL DIRECTOR 20.00
Director
$0 $0 $0
DOUG GODSHAL PRESIDENT 20
Officer
$0 $0 $0
BRENT LINDEMAN VICE PRESIDENT 20
Officer
$0 $0 $0
MARCUS WHITT SECRETARY 20
Officer
$0 $0 $0
PHILIP DEVON TREASURER 20
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $382,291 $284,950 $663,276 $97,341
2024 $248,676 $248,354 $569,702 $322
2023 $349,337 $241,848 $561,614 $107,489
2022 $330,294 $231,065 $466,125 $99,229
2021 $389,292 $229,468 $358,396 $159,824
2020 $74,685 $92,727 $186,572 $-18,042
2019 $216,054 $202,088 $238,265 $13,966
2018 $226,068 $252,709 $230,149 $-26,641
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